The sellers are said to be early-stage investors who are divesting for liquidity reasons or Circle employees, one of the people said. Employees are often given the chance to monetize stock options they hold before a company goes public. The company is not allowing trades below a $5 billion valuation, two of the people said. Source
Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week in different directions as the border cryptocurrency market faces corrections. According to data provided by Farside Investors, spot Bitcoin (BTC) ETFs recorded $124.1 million in net inflows at the end of the trading day on Monday, July 29. All of the day’s inflows, $205.6 million, came into BlackRock’s iShares Bitcoin Trust (IBIT). The Grayscale Bitcoin Trust (GBTC) continued its downward movements, losing $54.3 million in outflows yesterday. The Bitwise Bitcoin ETF (BITB) and Fidelity Wise Origin…
Altcoins offer investors and traders an alternative to big cryptocurrencies within the market. Since the start of this week, these major cryptocurrencies like Bitcoin and Ethereum have continued to rocket upwards, pulling the majority of the market with them. Bitcoin Cash, a direct fork of Bitcoin, is seeing success after today’s 3% increase in total market cap. According to CoinGecko, the coin is up nearly 15%, making it the lead gainer of today’s market environment. Related Reading Superb Market Conditions Spur Trader Interest The tie between the traditional and crypto…
Bitcoin Cash has experienced a notable increase of over 13% in the past 24 hours, making it the top gainer among the leading 100 cryptocurrencies on July 29. At the time of writing, Bitcoin Cash (BCH) had surged by 13.6% over the last 24 hours and was exchanging hands at $451. The crypto asset’s daily trading volume was hovering around $427 million, per data from crypto.news. BCH 24-hour price chart | Source: crypto.news Moreover, the cryptocurrency’s market cap stood at $8.75 billion, making it the 16th largest crypto asset, per…
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Bitcoin price started a fresh increase above the $68,000 resistance. BTC is now rising and might climb toward the $70,000 resistance zone. Bitcoin formed a base and started a fresh increase above the $68,000 resistance zone. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might accelerate higher toward the $70,000 and $70,800 levels in the short term.…
The NFT market saw a significant boost in activity this week, with a 48% rise in buyers and several high-profile sales. In an eventful week for the NFT market, the Ethereum (ETH) and Solana (SOL) blockchains maintained their dominance, with digital collectibles on these chains seeing significant sales and capturing the attention of buyers and sellers alike. According to data from CryptoSlam!, the NFT landscape saw notable growth, with overall sales volumes reaching $107,965,224, marking a 7.05% increase from the previous week. The rising number of buyers and sellers also…
The last 12 months have been a game-changer for digital assets. In January, more than a decade after Gemini co-founders Cameron and Tyler Winklevoss filed their initial application, the first spot Bitcoin was approved for trading in the United States by the Securities and Exchange Commission (SEC). The following is an opinion editorial written by […] Source BitcoincryptoexchangeExchanges CryptoX Portal
The current price action of Decentraland (MANA) indicates that market optimism is on the rise as the digital currency regains its bullish momentum, with the price now targeting the key resistance level of $0.3713. This recent surge in MANA’s price occurred following a price rejection at $0.3099, marked by the formation of a hammer candlestick pattern. MANA has shown renewed strength, attracting investors and traders who are eagerly waiting for an opportunity to capitalize on the potential upward movement, especially as it approaches the critical resistance level of $0.3713. As…
Zimbabwe’s central bank, the Reserve Bank of Zimbabwe (RBZ), has injected over US$50 million into the interbank foreign exchange market to stabilize the economy. This move comes as the parallel market exchange rate is significantly higher than the official rate, causing economic instability. The RBZ aims to increase foreign currency supply, reduce pressure on banks, […] Source BitcoincryptoexchangeExchanges CryptoX Portal